Bank stocks tumble as First Republic deal fails to stem investor fears
Shares of Los Angeles lender PacWest Bancorp fell 28% as spooked investors bail from regional banks.
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Shares of Los Angeles lender PacWest Bancorp fell 28% as spooked investors bail from regional banks.
JPMorgan Chase is buying the troubled lender after it became the second biggest bank failure in U.S. history.
The regional lender, whose collapse is the second-biggest bank failure in U.S. history, is the third bank to be seized by regulators since March.
Don Carmignani, a former San Francisco Fire Commissioner, missed his second hearing in a row after video surfaced allegedly showing him attacking a homeless person with bear spray.
A San Francisco attorney for a man who is homeless says he was defending himself when he beat a former fire commissioner. She points to newly-released surveillance video the day of the incident. Anna Werner reports.
The ban on city-funded travel to 30 states San Francisco says restrict abortion, voting and LGBTQ rights is being scrapped after the city determined it's doing more harm than good.
A herd of over 100 goats are using San Francisco as a pasture. The goats are eating the grass grown during an especially wet winter, minimizing the risks of wildfires in the summer, and teaching local students an important lesson about sustainability. John Blackstone reports.
The huge herd of goats is also providing an important educational lesson for California students.
Ride-hailing firm, still grappling with the effects of the pandemic, is planning its second round of layoffs in recent months.
The texts include frequent use of the terms "monkey" and "gorilla," and boast about beating up suspects and targeting Black people for traffic stops.
Heavy precipitation has led to an abundance of grass and other brush throughout San Francisco, but as the seasons change and the plants die, they become dangerously flammable. To help reduce the risk of fires, City Grazing has unleashed a herd of goats to graze throughout the city and help manage the fire risk. John Blackstone shares the group’s story.
In some cities, the milestone income falls way short of a six-figure lifestyle, a SmartAsset analysis shows.
Thousands of towns and cities across the country are suing opioid manufacturers and sellers for their role in the opioid crisis. Over a hundred thousand people died from a drug overdose in 2021, with about 16,000 of those cases involving prescription opioids. Jonathan Vigliotti reports from San Francisco, one of the cities involved in the lawsuit.
Lee was killed earlier this month in the Rincon Hill neighborhood of San Francisco.
San Francisco's police chief says 38-year-old Nima Momeni, who also owns a tech company, was arrested Thursday morning and booked on one charge of murder in the stabbing death of Cash App founder Bob Lee. Jonathan Vigliotti reports.
San Francisco Police Chief Bill Scott identified the suspect as Nima Momeni, 38, and said Momeni and Lee knew each other.
The parents in the car told responding officers their daughter was struck by gunfire.
The athlete was hit while riding his bike Tuesday afternoon around Presidio, a historic park south of the Golden Gate Bridge, authorities said.
San Francisco Police Chief Bill Scott said it was too early to tell if the attack was targeted or random.
Even though more than 50% of medical school students are women, there continues to be a gender gap in some of medicine's top specialties. A group of female physicians at a San Francisco hospital are hoping to change that. Norah O'Donnell has the story in "Eye on America."
Even though more than 50% of medical school students are women, a gender gap remains in top specialties.
Bob Lee, a tech executive who founded Cash App, was killed in a stabbing on a San Francisco street on Tuesday. No arrests have been made in the case. Carter Evans has details.
Lee, 43, was the chief product officer of San Francisco-based cryptocurrency startup MobileCoin. He also started Cash App and was a former chief technology officer of Square.
Ride-hailing services are preparing to ferry passengers around one of the most densely populated U.S. cities — without a driver.
"Heklina was an icon in the truest sense," said Calif. state Sen. Scott Wiener, lauding the artist as a "fiercely outspoken" advocate for LGBTQ rights.
Nick Reiner, a son of director Rob Reiner and his wife Michele, has been arrested on murder charges following their deaths, police said.
Police on Monday renewed their search for the gunman who killed two Brown University students and wounded nine others.
President Trump filed a defamation lawsuit against the BBC on Monday over a documentary that spliced parts of his Jan. 6, 2021, speech on the Ellipse.
The U.S. military says it struck three more alleged drug-carrying boats in the Eastern Pacific, the latest in a campaign of vessel strikes ordered by the Trump administration that have killed at least 95 people.
The Pentagon says it is "escalating" a probe into Sen. Mark Kelly, one of six Democratic lawmakers who urged service members to "refuse illegal orders."
President Trump's White House ballroom addition is expected to be finished a few months before the 2028 elections.
A 50-year-old suspect in the Bondi Beach shooting was shot and killed by police and his 24-year-old son, who was investigated previously, is in a coma.
One Brown student recalled barricading for four hours in the Sciences Library building after a gunman shot and killed two students at a nearby engineering building on Saturday.
Erika Kirk recalls the emotional fog of Charlie Kirk's assassination, addresses conspiracy theories and takes questions during a CBS News town hall hosted by Bari Weiss.
Rep. Jamie Raskin wants to see White House construction like President Trump's ballroom project subjected to the same scrutiny as other federal projects.
Hotels and lodges will welcome back visitors to the Grand Canyon's South Rim after the national park fixed multiple breaks in a water pipeline that led to the halting of overnight stays for more than a week.
Powerball's jackpot rose to an estimated $1.25 billion — the sixth-largest in its history — after no tickets came up winners of Monday night's grand prize of roughly $1.14 billion.
The U.S. military says it struck three more alleged drug-carrying boats in the Eastern Pacific, the latest in a campaign of vessel strikes ordered by the Trump administration that have killed at least 95 people.
One Brown student recalled barricading for four hours in the Sciences Library building after a gunman shot and killed two students at a nearby engineering building on Saturday.
Four of the nation's top retail stores failed to promptly pull contaminated ByHeart infant formula from their shelves, federal health officials said in warning letters.
New York Attorney General Letitia James said UPS "played the Grinch" by allegedly shorting seasonal workers on their pay.
Tens of thousands of Spotify users reported outages on Monday, with some saying they had lost access to their playlists.
Netflix co-CEOs Greg Peters and Ted Sarandos sought in a letter to tamp down concerns that the streaming giant is not committed to the movie business.
iRobot, which introduced the Roomba vacuum cleaner in 2002, vows to continue supporting its products despite Chapter 11 filing.
Rep. Jamie Raskin wants to see White House construction like President Trump's ballroom project subjected to the same scrutiny as other federal projects.
The U.S. military says it struck three more alleged drug-carrying boats in the Eastern Pacific, the latest in a campaign of vessel strikes ordered by the Trump administration that have killed at least 95 people.
The Pentagon says it is "escalating" a probe into Sen. Mark Kelly, one of six Democratic lawmakers who urged service members to "refuse illegal orders."
President Trump's White House ballroom addition is expected to be finished a few months before the 2028 elections.
Hours after Jimmy Lai, a pro-democracy newspaper owner in Hong Kong, was found guilty on sedition charges, his daughter told reporters she hopes international pressure can spare her father.
Kevin Murray was his family's health watchdog. His vigilance helped his brothers "avoid a real catastrophe."
"I don't know how I'm going to pay for this," said one person with an Affordable Care Act plan that will cost her $1,100 a month starting in January.
Clinicians and epidemiologists warn the decision could unravel decades of progress and expose newborns to a deadly, preventable disease.
Health officials say an infant botulism outbreak tied to ByHeart baby formula has been expanded to include all illnesses reported since the company began production in 2022.
CBS News chief medical correspondent Dr. Jon LaPook speaks at length with former CDC director Dr. Rochelle Walensky about the hepatitis B vaccine and last week's vote by the CDC's vaccine advisory panel to change the recommendation for when children should get their first dose of the vaccine.
After killing the boy and his mother, he took her Apple watch and drove her BMW to the family home where he stabbed the boy's father to death.
The U.S. military says it struck three more alleged drug-carrying boats in the Eastern Pacific, the latest in a campaign of vessel strikes ordered by the Trump administration that have killed at least 95 people.
Hours after Jimmy Lai, a pro-democracy newspaper owner in Hong Kong, was found guilty on sedition charges, his daughter told reporters she hopes international pressure can spare her father.
Sheina Gutnick's dad came to Australia to escape persecution for his Jewish faith, and his murder in Bondi has left her feeling "betrayed by the government."
Two members of the Iowa National Guard and a U.S. civilian interpreter were killed in Palmyra, Syria on Saturday after an ISIS gunman ambushed them, according to the Pentagon.
Anthony Geary, who played Luke Spencer on the long-running soap opera "General Hospital," has died.
In this web exclusive, Hugh Jackman and Kate Hudson, stars of the new film "Song Sung Blue," talk with Tracy Smith about playing Mike and Claire Sardina – real, not-very-famous musicians who performed a tribute act pretending to be very-famous musicians Neil Diamond and Patsy Cline. They also discuss singing, Neil Diamond's songs, and the Oscars (including, as Jackman was, being nominated opposite Daniel Day-Lewis).
Known as a popular Hollywood director, Rob Reiner also had a lengthy record of political and civic activism, especially in California.
Netflix co-CEOs Greg Peters and Ted Sarandos sought in a letter to tamp down concerns that the streaming giant is not committed to the movie business.
In this Aug. 15, 2010 "Sunday Morning" profile, actor, writer and director Rob Reiner talked with Russ Mitchell about starring in the classic sitcom "All in the Family," and directing such hits as "Stand By Me," "The Princess Bride," "When Harry Met Sally" and "A Few Good Men."
Tens of thousands of Spotify users reported outages on Monday, with some saying they had lost access to their playlists.
iRobot, which introduced the Roomba vacuum cleaner in 2002, vows to continue supporting its products despite Chapter 11 filing.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
President Trump signed an executive order restricting states from creating their own regulations for artificial intelligence. CBS News senior business and technology correspondent Jo Ling Kent has more.
New York Times reporter Jodi Kantor's upcoming book "How to Start" looks at the difficulties of beginning your career. Kantor joins "The Takeout" to unpack some of the difficulties college students face, artificial intelligence and more.
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
Paleontologists have discovered and documented 16,600 footprints left by theropods, the dinosaur group that includes the Tyrannosaurus rex.
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
Kian Sadeghi, the 25-year-old founder and CEO at Nucleus Genomics, tells "CBS Mornings" that parents have every right to select the qualities and traits they desire in their child.
Ant colonies act as one "super-organism" which works to ensure the survival of all, according to a team of scientists.
After killing the boy and his mother, he took her Apple watch and drove her BMW to the family home where he stabbed the boy's father to death.
A desperate search is underway for the gunman in Saturday's shooting at Brown University. Felipe Rodriguez, former New York City Police detective sergeant, joins CBS News to discuss the next steps in the investigation.
Police arrested Nick Reiner on murder charges Monday morning after the deaths of his parents, Rob and Michele. CBS News correspondent Jonathan Vigliotti reports.
At least 15 people were killed and 40 others wounded in a shooting at one of Australia's most popular beaches on Sunday during the first night of Hanukkah celebrations. CBS News' Anna Schecter has the latest.
Police in Rhode Island are searching for a new person of interest in the wake of Saturday's deadly shooting at Brown University. CBS News legal reporter Katrina Kaufman has the latest from Providence.
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
Super-Earth TOI-561b is about 40 times closer to its host star than Mercury is to the sun.
NASA has lost contact with a spacecraft that's been orbiting Mars for more than a decade.
The European Space Agency said that the black hole inside the spiral galaxy NGC 3783 has the mass of 30 million suns.
Russian Soyuz crews are now spending eight months aboard the space station instead of six to stretch supplies and lower costs.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Calling himself the "Son of Sam" in a letter left at one of the crime scenes, David Berkowitz claimed voices were ordering him to kill -- starting in the summer of 1976, he went on a 13-month spree of impulse killings in New York City that left six dead and seven injured
Lesley Stahl quoted Norman Lear when she profiled Rob Reiner earlier this year, "Rob's movies all have a human dearness to them." Reiner responded by citing one of his longtime influences and reflecting on how his work attempted to capture both the comedy and tragedy of the human experience, stories told with layers of meaning. Rob Reiner and his wife of 36 years, Michele, were found killed Sunday in their Los Angeles home.
Rob Reiner's life changed while he was making "When Harry Met Sally." He met Michele, who would become his wife of 35 years. Reiner said the budding relationship led him to change the indelible film, telling Lesley Stahl the couple hit it off and it changed his perspective on the story. Rob and Michele Singer Reiner were killed Sunday in what police are investigating as a homicide.
Rob Reiner, the son of a comedy giant who became one himself with movies such as "The Princess Bride," "When Harry Met Sally…" and "This is Spinal Tap," is being remembered for his iconic contributions to entertainment following the news of his death. Vladimir Duthiers has his obituary.
Dozens of residents confronted ICE agents in South Minneapolis, Minnesota, on Monday. CBS News Minnesota reporter Jonah Kaplan has more.
As online holiday shopping ramps up, lawmakers are mulling new legislation that would add stiffer penalties for those who steal packages. Skyler Henry reports.